Housing market future kaannosthhunnndhhii

[perugu_vada]

Just now, puski said:

Value of a house is like a illusion...people actually buy monthly payments. last year interest rate takkuva vunappudu with same money people are able to afford atleast 100K more with they monthly payment.  With the new interest rates house prices will fall atleast 20%.

2008 lo recission vachinappudu kooda house prices real bottom 2011 and 2012 lo aindhi. I belive next 2 years lo we will see 20% decrease in all home values

already 15% down ayyaay .. inko 20% correction is inevitable 

[Pandubabu]

Looking for 5th job so that I can pay cash for these over hyped houses

[areyentiraidhi]

1 minute ago, perugu_vada said:

already 15% down ayyaay .. inko 20% correction is inevitable 

most sellers and builders are still in denial.

[puski]

chala mandi  indian crowd ki house prices taggadam eppudu chudaledhu. Lot of people think they will never ever go down...

[veerigadu]

31 minutes ago, perugu_vada said:

calling @veerigadu uncle to bring his chilaka to tell future 

Already my chilaka tolded nooo....Buy in Jan 2023 or miss the oppurtunity. 

[perugu_vada]

16 minutes ago, veerigadu said:

Already my chilaka tolded nooo....Buy in Jan 2023 or miss the oppurtunity. 

jan 2023 might be too early emo uncle .. summer dhaaka wait cheyochu anipistondi .. becos with these interest rates .. 10-15% price reduce aina saripodhu .. 420k house ki kuda 3000$ monthly payments is crazy ..

lets see how this holiday season fares out

[areyentiraidhi]

21 minutes ago, perugu_vada said:

jan 2023 might be too early emo uncle .. summer dhaaka wait cheyochu anipistondi .. becos with these interest rates .. 10-15% price reduce aina saripodhu .. 420k house ki kuda 3000$ monthly payments is crazy ..

lets see how this holiday season fares out

It may go either way. Lot of buyers will come back to the market in summer , demand will go up again. Hard to time it.

Atleast in dec/jan/feb  there will be less competition.

[Bears]

CPI report came out today, Inflation(7.7%) is lower than expected for October and predictions already pointing that inflation has seen peaks and trending down on the graph from now. If this continues, then housing market will be back to its form in 3-6months. Today Stock market up with 1000 points as futures show bright economy. No recession, this was just a correction, Get ready for bidding again on housing!!

[veerigadu]

12 minutes ago, Bears said:

CPI report came out today, Inflation(7.7%) is lower than expected for October and predictions already pointing that inflation has seen peaks and trending down on the graph from now. If this continues, then housing market will be back to its form in 3-6months. Today Stock market up with 1000 points as futures show bright economy. No recession, this was just a correction, Get ready for bidding again on housing!!

Nenu idheee sepitheee janaluuu hurt ayithunnaru bro 

[Netflixmovieguz]

42 minutes ago, Bears said:

CPI report came out today, Inflation(7.7%) is lower than expected for October and predictions already pointing that inflation has seen peaks and trending down on the graph from now. If this continues, then housing market will be back to its form in 3-6months. Today Stock market up with 1000 points as futures show bright economy. No recession, this was just a correction, Get ready for bidding again on housing!!

Pump to mooooooon. All is well

[iddaritho]

3 hours ago, Bears said:

CPI report came out today, Inflation(7.7%) is lower than expected for October and predictions already pointing that inflation has seen peaks and trending down on the graph from now. If this continues, then housing market will be back to its form in 3-6months. Today Stock market up with 1000 points as futures show bright economy. No recession, this was just a correction, Get ready for bidding again on housing!!

Dude expected inflation is 2 % , 

the fed is still planning to keep restrictive policy and they are expecting pain in Job market 

the current CPI data is a single month data 

today’s rally is relief rally for a good new but inflation is still at 8% and real life around 20 to 30 % 

With the job market and interest rates being what they are , there is increasing opportunity in housing market in the next one to two years next June will see huge drop in price if inventory is adequate 

 

[kasi]

7 hours ago, perugu_vada said:

jan 2023 might be too early emo uncle .. summer dhaaka wait cheyochu anipistondi .. becos with these interest rates .. 10-15% price reduce aina saripodhu .. 420k house ki kuda 3000$ monthly payments is crazy ..

lets see how this holiday season fares out

yes lil too early......have cash ready by Dec 2023

[Bears]

4 hours ago, iddaritho said:

Dude expected inflation is 2 % , 

the fed is still planning to keep restrictive policy and they are expecting pain in Job market 

the current CPI data is a single month data 

today’s rally is relief rally for a good new but inflation is still at 8% and real life around 20 to 30 % 

With the job market and interest rates being what they are , there is increasing opportunity in housing market in the next one to two years next June will see huge drop in price if inventory is adequate 

 

Agreed Bro, but it doesn’t take much time to take a U turn for current 8% inflation to come down all the way to 2%. Because the Fed already had hefty rate rises(one more to come in Dec). These results will be reflected on the market starting this month, So for Next 6 months Inflation has to come down gradually. Also, Housing inventory is still par below pre Covid levels, so current rising demand will not be able to catch inventory and supply at least in the near future. 

[hyperbole]

Don’t expect the rates to come down until summer of 2024 or beyond. For a meaningful impact on CPI the current interest rates will take 1-2 years to come into effect - basically all big ticketed items will come down in price, still in my area the per sft is 100% more from pre pandemic 

Next year this time year on year inflation will be 3% or less but that is year-on-year when compared to peak inflation this year, the rates might not come down fully but 20-30% correction is required in housing. 

[Netflixmovieguz]

21 minutes ago, hyperbole said:

Don’t expect the rates to come down until summer of 2024 or beyond. For a meaningful impact on CPI the current interest rates will take 1-2 years to come into effect - basically all big ticketed items will come down in price, still in my area the per sft is 100% more from pre pandemic 

Next year this time year on year inflation will be 3% or less but that is year-on-year when compared to peak inflation this year, the rates might not come down fully but 20-30% correction is required in housing. 

Which area bro?